Death Benefit Qualification Test. In order for your policy to be classified as life insurance under the Code, it must satisfy one of two Death Benefit Qualification Tests. Unless you have elected otherwise, the Death Benefit Qualification Test for this policy is the Guideline Premium Test. The Death Benefit Qualification Test for this policy appears in the Policy Specifications. It may not be changed for the life of the contract. The two Death Benefit Qualification Tests are explained in this subsection.
Appears in 5 contracts
Samples: Annual Renewable And (Goldman Sachs Group Inc/), Pacific Select Exec Separate Account of Pacific Life & Annui, Pacific Select Exec Separate Account of Pacific Life & Annui
Death Benefit Qualification Test. In order for your policy to be classified as life insurance under the Code, it must satisfy one of two Death Benefit Qualification Tests. Unless you have elected otherwise, the Death Benefit Qualification Test for this policy is the Guideline Premium Test. The Death Benefit Qualification Test for this policy appears in the Policy SpecificationsSpecifications section. It The Death Benefit Qualification Test may not be changed for the life of the contract. The two Death Benefit Qualification Tests are explained in this subsection.
Appears in 4 contracts
Samples: Pacific Select Exec Separate Account of Pacific Life & Annui, Pacific Select Exec Separate Acct Pacific Mutual Life Ins, Pacific Select Exec Separate Account of Pacific Life & Annui
Death Benefit Qualification Test. In order for your policy to be classified as life insurance under the Code, it must satisfy one of two Death Benefit Qualification Tests. Unless you have elected otherwise, the Death Benefit Qualification Test for this policy is the Guideline Premium Test. The Death Benefit Qualification Test for this policy appears in the Policy Specifications. It may not be changed for the life of the contract. The two Death Benefit Qualification Tests are explained in this subsection.
Appears in 3 contracts
Samples: Pacific Select Exec Separate Acct Pacific Life Ins, Pacific Select Exec Separate Acct Pacific Life Ins, Pacific Select Exec Separate Acct Pacific Life Ins
Death Benefit Qualification Test. In order for your policy to be classified as life insurance under the Code, it must satisfy one of two Death Benefit Qualification Tests. Unless you have elected otherwise, the Death Benefit Qualification Test for this policy is the Guideline Premium Test. The Death Benefit Qualification Test for this policy appears in the Policy Specifications. It may not be changed for the life of the contractat any later time. The two Death Benefit Qualification Tests are explained in this subsection.
Appears in 2 contracts
Samples: Pacific Select Exec Separate Acct Pacific Life Ins, Pacific Select Exec Separate Acct Pacific Life Ins
Death Benefit Qualification Test. In order for your policy to be classified as life insurance under the Code, it must satisfy one of two Death Benefit Qualification Tests. Unless you have elected otherwise, the Death Benefit Qualification Test for this policy is the Guideline Premium Test. The Death Benefit Qualification Test for this policy appears in the Policy Specifications. It may not be changed for the life of the contractData section. The two Death Benefit Qualification Tests are explained in this subsection.
Appears in 1 contract
Death Benefit Qualification Test. In order for your policy this Policy to be classified qualify as a life insurance contract under the Code, it must at all relevant times satisfy one of two Death Benefit Qualification Tests. Unless you have elected otherwise, the The Policy provides a Minimum Death Benefit Qualification Test amount, as needed, for this policy is the Guideline Premium TestPolicy to qualify under either of the Tests. The Death Benefit Qualification Test for that this policy Policy is designed to satisfy appears in the Policy Specifications. It You may not be changed for the life of the contract. The two change this Policy’s specified Death Benefit Qualification Tests are explained in this subsectionTest without Our written consent.
Appears in 1 contract
